Bank of England: Markets Expect £50 Billion QT by September 2027

GOOGL has risen 6.76% in the last 24 hours, with its RSI at 76.4, indicating overbought conditions. This increases the likelihood of profit-taking and a short-term pullback. The Bank of England's quantitative tightening expectations point to a tightening of global liquidity, which could negatively impact risk appetite. While the MACD remains positive, there are signs of overheating, making a continuation of the rally seem challenging. In the short term, the price is likely to correct toward the SMA20 level.

Market expectations regarding the Bank of England's quantitative tightening (QT) schedule do not include any unexpected changes to the current policy stance. This is likely to cause only mild volatility in bond yields rather than exerting direct pressure on global risk appetite. For Turkish markets, predictable moves by developed-market central banks have a limited impact on sentiment toward emerging-market assets. Overall, the news is not seen as a significant driver for market direction, and existing balances are expected to be maintained.

The news highlights the Bank of England's quantitative tightening (QT) expectations, which could tighten liquidity conditions and put pressure on equity markets. Technically, the RSI at 46 indicates weak momentum, while the price below the 20-day moving average makes the short-term outlook negative. Although the MACD remains below the signal line, it is in positive territory, suggesting that the downside may be limited. The slight decline at the last close and the attempt to hold just above the SMA50 suggest that the market is under cautious selling pressure. Therefore, the probability of a downward move in the 1-3 day perspective is seen as moderate.